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Tale of the Tape

Zacks Equity Research

Investors are Betting Against Amtrust Financial Services, Inc. (AFSI) Should You?
October 16, 2013


Trades from $3
Many investors appear to be quite bearish Amtrust Financial Services, Inc. (AFSI - Free Report) especially if you look at the percentage of the float that is sold short for this stock. Currently, 27.2% of the float is sold short, suggesting an extreme level of bearishness for AFSI.

However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we actually have a Zacks Rank #1 (Strong Buy) on AFSI, so we clearly don’t believe in the negativity surrounding this firm, and are instead looking for shares of AFSI to move higher in the weeks ahead.

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